Harel Insurance Investments & Financial Services Ltd. Purchases Shares of 360 United Rentals, Inc. (NYSE:URI)

Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 360 shares of the construction company’s stock, valued at approximately $226,000.

Several other hedge funds have also bought and sold shares of URI. Rialto Wealth Management LLC purchased a new position in shares of United Rentals in the fourth quarter valued at about $25,000. Fourth Dimension Wealth LLC purchased a new position in shares of United Rentals in the first quarter valued at about $26,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of United Rentals in the fourth quarter valued at about $27,000. Meeder Asset Management Inc. lifted its position in shares of United Rentals by 241.7% in the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock valued at $29,000 after acquiring an additional 29 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of United Rentals in the fourth quarter valued at about $36,000. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the sale, the vice president directly owned 1,921 shares in the company, valued at $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael D. Durand sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the sale, the executive vice president owned 8,748 shares in the company, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

United Rentals Price Performance

NYSE:URI opened at $784.50 on Friday. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The business’s 50-day moving average is $705.94 and its 200 day moving average is $683.00. The company has a market capitalization of $50.99 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.94 and a beta of 1.69.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the company earned $9.15 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 0.91%. United Rentals’s dividend payout ratio (DPR) is presently 18.54%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Redburn Atlantic downgraded United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price objective on the stock. in a research report on Friday, June 13th. Sanford C. Bernstein upgraded United Rentals from an “underperform” rating to a “market perform” rating and lowered their price objective for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. Citigroup restated a “buy” rating and issued a $810.00 price objective (up from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. UBS Group upgraded United Rentals from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $485.00 to $780.00 in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. boosted their target price on United Rentals from $780.00 to $920.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and a consensus price target of $766.23.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.